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to go forward. the chances of it going forward i think are small. he has to get re-elected in 2015 to propose the up or down vote in 2017. it does put a cloud over the u.k. and e.u. a bit. >> the u.s. view has been not to get involved in u.s. politics. the u.s. view is that -- involved in u.k. politics. the u.s. view that a strong u.k. and e.u. is good for the u.k., for europe and the united states. we'll let the brits sort out their politics internally. that overall view is one we've been thinking. >> this f they were to cede -- if they were to cede, what would that mean? >> i think it's not wise to speculate about what would happen if certain eventualities were occurring, were to occur. and as you say, it's too early to make predictions. >> let me ask you this -- i was at a dinner last night with a number of people you know well. our viewers know well. an off the record dinner. i will say the topic was does globalization still work. you know, this is a place that -- we're looking out where all you do is talk about globalization, people support globalization, what it means. is it
with the congress and then in 2012 what he felt was vindication in the election, how that changes his approach to dealing with congress and dealing with the country. it's going to be interesting to see how successful he can be. >> yeah. yep, yep. we'll see. you know, i don't -- you just don't want to push an agenda too far if it was still a pretty close election, john. we'll see. but i don't feel like -- >> well, it was. >> i don't feel like a whole lot of unity was headed our way. this is like throwing down the gauntlet and -- >> i agree with you. he was. and one of the dangers for presidents is that they get a little too confident, a little too cocky. we'll see whether he is reaching a little bit further than he can grasp. now, i willsy that what house republicans did last week on the debt limit was a promising sign for him in the sense that -- and i think he took it that way, which is that they -- at his insistence, he came out after the election and said i'm not going to play that game on the debt limit. in the end, they have broken the link between spending cuts and -- at least in the sho
. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in washington over the fiscal cliff do they make you feel more confident or less confident about economic recover
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
Search Results 0 to 3 of about 4

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